The $3200 level below is a massive support level, just as the $3500 level above is a massive resistance barrier. There is what I considered to be an “inner consolidation area” between the $3300 level and the $3400 level. So, in other words, I think there are plenty of places to see a lot of noise and choppiness, and unless we put some external pressure on this market, we may very well just jump back and forth in the same range for the month. I am bullish in general, but I also recognize that we need some type of momentum to get things moving. All things being equal, I do believe that eventually we could break out to ... (full story)